AXS has been one of the best performing tokens of the current cycle. However, investors are quickly getting rid of this token, as you can clearly see on the chart.
Most of you have seen a bubble formation before. This is exactly how it looks like. Unhealthy and unfounded growth, which ends up in a strong dump where most investors lose money on.
As of now, AXS seems to have found some kind of support in the $40-$50 area. Assuming we won't dump much further, I'm expecting one more pump from AXS (and potentially the entire market) before the inevitable bear market. We've seen a similar thing happen with GME for example.
Be aware that we might drop even further, potentially even hitting $25. Wait for the overall market to show signs of recovery before entering a bullish trade.
Happ trading!
Most of you have seen a bubble formation before. This is exactly how it looks like. Unhealthy and unfounded growth, which ends up in a strong dump where most investors lose money on.
As of now, AXS seems to have found some kind of support in the $40-$50 area. Assuming we won't dump much further, I'm expecting one more pump from AXS (and potentially the entire market) before the inevitable bear market. We've seen a similar thing happen with GME for example.
Be aware that we might drop even further, potentially even hitting $25. Wait for the overall market to show signs of recovery before entering a bullish trade.
Happ trading!
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